<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 1,421,580 <SECURITIES> 0 <RECEIVABLES> 21,761 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,537,718 <PP&E> 181,951 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,822,929 <CURRENT-LIABILITIES> 1,065,164 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 148,242 <OTHER-SE> (2,390,477) <TOTAL-LIABILITY-AND-EQUITY> 1,822,929 <SALES> 0 <TOTAL-REVENUES> 126,159 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,781,506 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 566,210 <INCOME-PRETAX> (4,015,447) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,105,447) <DISCONTINUED> 90,000 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,015,447) <EPS-PRIMARY> (0.27) <EPS-DILUTED> (0.27)